UAe bullish on oil demand recovery

摘要

UAE oil minister Suhail Mohamed Faraj al-Mazrouei is optimistic that oil demand will return to pre-pandemic levels by the end of this year or early in 2022. “I’m more optimistic than the numbers, because I’m confdent that the [Opec+] group will continue working hard to ensure that we are balancing the market faster than we anticipated,” al-Mazrouei told the Gulf Intelligence Global UAE Energy Forum. “We have seen that the recovery has been bet- ter than anyone was expecting,” he says. “As we are going into the frst months of the year, I’m optimistic that by the end of the year, or the beginning of 2022, we will see that balance,” al-Mazrouei says.